Engineers India extends gain on Rs 150 crore order win

Shares of Engineers India were trading higher by 6% to Rs 223, extending its 7% gain in past one week on the BSE, after the company bagged orders worth Rs 150 crore from clients in Middle East.

The company’s Abu Dhabi office has bagged orders worth Rs 150 crore in this fiscal so far from clients in the Middle East, Engineers India said in a BSE filing.

These orders are from the oil and gas companies as well as EPC (engineering, procurement and construction) contractors for providing engineering services, it added.

The stock opened at Rs 211 and hit a high of Rs 226 on the BSE. The trading volumes on the counter jumped by more than three-fold with a combined 2.06 million shares changed hands on the BSE and NSE till 1504 hours.


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